DENVER, June 30, 2020 /PRNewswire/ -- CenturyLink Inc.
(NYSE: CTL) today announced that Qwest Corporation, its indirect,
wholly-owned subsidiary ("Qwest"), has issued notices to
redeem the remaining $300 million
outstanding aggregate principal amount of its 6.875% Notes due 2054
(the "Qwest Notes").
Pursuant to these notices, on Aug. 7, 2020, the remaining
$300 million outstanding aggregate
principal amount of the Qwest Notes will be redeemed at par plus
accrued and unpaid interest to, but excluding, the redemption date.
Additional information regarding the redemption of the Qwest Notes
is available from Bank of New York Mellon.
This press release does not constitute a notice of redemption
with respect to the Qwest Notes.
CenturyLink (NYSE: CTL) is a technology leader delivering hybrid
networking, cloud connectivity, and security solutions to customers
around the world. Through its extensive global fiber network,
CenturyLink provides secure and reliable services to meet the
growing digital demands of businesses and consumers. CenturyLink
strives to be the trusted connection to the networked world and is
focused on delivering technology that enhances the customer
Learn more at http://news.centurylink.com/.
Except for historical and factual information, the matters
set forth in this release and other of our oral or written
statements identified by words such as "estimates," "expects,"
"anticipates," "believes," "plans," "intends," and similar
expressions are forward-looking statements. These forward-looking
statements are not guarantees of future results and are based on
current expectations only, are inherently speculative, and are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond our control. Actual events and results may
differ materially from those anticipated, estimated, projected or
implied by us in those statements if one or more of these risks or
uncertainties materialize, or if underlying assumptions prove
incorrect. Factors that could affect actual results include but are
not limited to: changes in Qwest's cash requirements or financial
position; unanticipated delays in redeeming our outstanding debt
securities as described above; changes in general market, economic,
tax, regulatory or industry conditions; corporate developments that
could preclude, impair or delay the above-described transactions
due to restrictions under the federal securities laws; and other
risks referenced from time to time in CenturyLink's or Qwest's
filings with the Securities and Exchange Commission ("SEC"). You
should be aware that new factors may emerge from time to time and
it is not possible for CenturyLink or Qwest to identify all such
factors, nor can CenturyLink or Qwest predict the impact of each
such factor on its plans, or the extent to which any one or more
factors may cause actual results to differ from those reflected in
any of their forward-looking statements. For all the reasons set
forth above and in our SEC filings, you are cautioned not to unduly
rely upon our forward-looking statements, which speak only as of
the date made. We undertake no obligation to publicly update or
revise any forward-looking statements for any reason, whether as a
result of new information, future events or developments, changed
circumstances, or otherwise. Furthermore, any information about our
intentions contained in any of our forward-looking statements
reflects our intentions as of the date of such forward-looking
statement, and is based upon, among other things, existing
regulatory, technological, industry, competitive, economic and
market conditions, and our assumptions as of such date. We may
change our intentions, strategies or plans (including our plans
expressed herein) without notice at any time and for any
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SOURCE CenturyLink Inc.